How many Best Brains outlets were transferred in Illinois during 2024?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| California | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 2 | |
| Illinois | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 1 | |
| Maryland | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| Minnesota | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| --- | --- | --- |
| Texas | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 1 | |
| Wisconsin | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Totals | 2022 | 2 |
| 2023 | 2 | |
| 2024 | 6 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 36–42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, there was one transfer of a Best Brains outlet in Illinois during 2024. The provided table, titled "Transfers of Outlets from Franchisees to New Owners (other than the Franchisor or an Affiliate) For Years 2022 to 2024", details the number of outlet transfers that occurred across various states. This information is valuable for prospective franchisees as it provides insight into the stability and desirability of existing Best Brains franchises.
The transfer of an outlet typically indicates a change in ownership from one franchisee to another, rather than a closure or repurchase by the franchisor. A low number of transfers could suggest franchisee satisfaction and business stability. Conversely, a high number might warrant further investigation into the reasons behind these changes, such as financial difficulties or disagreements with the franchisor.
For a potential Best Brains franchisee, understanding the transfer history in their target state can inform their decision-making process. It would be prudent to inquire about the reasons for any transfers with the franchisor to assess the health and potential risks associated with operating a Best Brains franchise in Illinois. Reviewing the performance and history of the transferred location could also provide valuable insights.